ACC LTD.
A great company. But, it failed to display a breakout above 2013 highs. This leads me to think, either the breakout will come in not too distant future, that is, if there is steam left in Nifty to scale even higher.
OR (more importantly)
ACC will sharply correct, when Nifty corrects. This is because ACC is weak in numbers. Growth is not there, infra sector has not picked-up nor has construction.
Nifty corrects 10%, ACC, BHEL IDFC will correct 20%.
This may be a chance to buy a little.
A great company. But, it failed to display a breakout above 2013 highs. This leads me to think, either the breakout will come in not too distant future, that is, if there is steam left in Nifty to scale even higher.
OR (more importantly)
ACC will sharply correct, when Nifty corrects. This is because ACC is weak in numbers. Growth is not there, infra sector has not picked-up nor has construction.
Nifty corrects 10%, ACC, BHEL IDFC will correct 20%.
This may be a chance to buy a little.